PlannedGiving

Planning your Fund

The idea behind Planned Giving is having a plan for the contribution you're making.

Donors may establish a fund in their own name, a family name, or in the name of any person or organization they wish to honour. Grants that are distributed from a specific fund are awarded in the name of that particular fund. This person or organization will always be remembered and linked to good works in our community.

We offer multiple different kinds of funds to allow you to make the right choice for your contribution. The following is a list of possible fund types you can set up with us.

Donor Advised FundsThis fund provides the donor with the greatest amount of control over the earnings derived from his/her donation. Each year, the donor advises the Foundation which specific organizations should receive the income arising from his/her donation based upon the donor's charitable interests at that time.

Designated FundsThis fund provides the donor with the option to designate which charitable organization should receive the income arising from his/her donation on a recurring basis. Typically, this is a one-time direction established at the time the donation is received. This fund does not require the donor to provide the Foundation with on-going direction and typically re-direction of revenues is provided by the donor should situations change with respect to the particular organization or a change in interests of the donor.

Field Of Interest FundThis type of fund allows the donor to select a specific field of interest rather than a specific organization to benefit from your fund. This is common when the donor does not know which organizations might be in need of revenues but the organizations have a mandate within the field of interest of the donor. Examples might be children and youth, arts, the environment, seniors or health. The Board of Directors selects deserving community-based groups from within the specified field of interest and directs the earnings from the fund to organizations in need in each year.

Community FundsWhen no directions are provided by the donor, the donation is added to the community fund. This fund provides the Foundation with the greatest flexibility to respond to the changing needs of our community. Utilizing the broader knowledge from our community volunteers, the Foundation is made aware of emerging trends and needs in the Lennox & Addington community and through this fund the Foundation is able to address the most pressing needs of our community.

By providing the flexibility through our funds, Foundation staff will work with you to identify potential grants, and you can have as little or as much involvement as you want in the disbursement of your funds.